CleanCore Solutions, a manufacturer of aqueous ozone cleaning systems, has reached the halfway mark of its 1 billion Dogecoin treasury target after purchasing $130 million worth of DOGE on Thursday.
The company announced that it has now accumulated over 500 million Dogecoin. Earlier in the week, it bought 285.42 million DOGE on Monday and reaffirmed its plan to acquire a total of 1 billion tokens within the next 30 days.
“Crossing the 500 million DOGE milestone highlights the speed and scale at which ZONE is executing its treasury strategy,” said CleanCore’s Chief Investment Officer, Marco Margiotta. Margiotta also serves as CEO of House of Doge, the commercial arm of the Dogecoin Foundation.
He added that the company aims to “establish Dogecoin as a premier reserve asset while supporting its broader utility across payments, tokenization, staking-like products, and global remittances.”
CleanCore Solutions became the first publicly traded company to establish a DOGE treasury in partnership with the Dogecoin Foundation and House of Doge. On Sept. 3, the company announced a $175 million private placement to fund DOGE purchases for its treasury, which initially caused its stock to drop 60%. The private placement successfully closed on Sept. 5.
The company’s DOGE purchases come as the cryptocurrency has surged nearly 23% over the past week, according to CoinGecko.
CleanCore shares jump after hours
Shares of CleanCore Solutions (ZONE) closed Thursday at $3.98, down 0.25%, but rallied 11.81% in after-hours trading to $4.45, according to Google Finance. Despite recent volatility, ZONE is up 201.52% year-to-date.
For the June quarter, the company reported a 26% year-on-year revenue increase, though net profit margin declined 229% over the same period.
First DOGE ETF delayed
The Rex-Osprey Doge ETF (DOJE), the first spot DOGE exchange-traded fund, was originally scheduled to launch Thursday. However, Bloomberg ETF analyst Eric Balchunas reported a delay to Friday. Later, Balchunas posted on X that the launch has been pushed to sometime next week, speculating it could still occur on Thursday.
